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Post by earthbound on May 25, 2016 14:36:19 GMT
oldgrumpy that's been my opinion for some time, I have looked into this as deep as possible over the last few weeks and personally I think a little skullduggery has gone of in the past and I wouldn't be surprised if it's going to happen again with this boatyard. (Nothing to do with FS) I tried to get the info on here but it got modded , and rightly so, I fell foul of the rules, which I wasn't paying attention to when I posted.
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Post by earthbound on May 28, 2016 12:35:53 GMT
latest update 27/05/2016. In a meeting with the borrower, we were assured that interest would be paid shortly from fees that the borrower is due, and that the loan would be refinanced in due course. However, we did not receive anything substantive enough to change our course of action. Therefore receiver has been briefed and lawyers are pulling title documentation together for the receiver.
No, come on FS , stop it, my ribs are hurting. FEES never heard that one before in any of the other updates. Wonder if there's a Scottish lottery that could be included in the next update???  |
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Post by earthbound on Jun 4, 2016 13:21:30 GMT
Latest uopdate..
03/06/2016
This week we met with the receiver. He now has all the loan agreements and security documents and is formulating a recovery strategy to obtain the best solution
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09dolphin
Member of DD Central
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Post by 09dolphin on Jun 4, 2016 16:37:36 GMT
Shame this loan wasn't made to a company as the we would have a PG or debenture (based on information from another thread).
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mikes1531
Member of DD Central
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Post by mikes1531 on Jun 4, 2016 17:28:00 GMT
Shame this loan wasn't made to a company as the we would have a PG or debenture (based on information from another thread). PG might have helped, but a debenture from the company operating the boatyard probably wouldn't be worth much -- if the business was thriving they probably wouldn't have defaulted on the loan.
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